Morgan Stanley Cuts Visteon (NASDAQ:VC) Price Target to $90.00

Visteon (NASDAQ:VC) had its price target reduced by Morgan Stanley from $95.00 to $90.00 in a research report report published on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other brokerages have also issued reports on VC. Robert W. Baird increased their price objective on shares of Visteon from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Barclays restated an “equal weight” rating and set a $82.00 target price (down previously from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lifted their price target on shares of Visteon from $90.00 to $97.00 and gave the company a “neutral” rating in a report on Monday, May 5th. UBS Group reiterated a “neutral” rating and issued a $76.00 price target (down previously from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, TD Cowen initiated coverage on Visteon in a research report on Friday, March 7th. They set a “buy” rating and a $108.00 price objective for the company. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $96.25.

Visteon Trading Down 1.2%

Shares of VC stock opened at $83.85 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The stock has a fifty day simple moving average of $78.22 and a two-hundred day simple moving average of $84.46. The firm has a market capitalization of $2.29 billion, a PE ratio of 8.55, a PEG ratio of 0.42 and a beta of 1.23. Visteon has a 52-week low of $65.10 and a 52-week high of $117.94.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.70. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.61 earnings per share. On average, analysts predict that Visteon will post 8.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Visteon

Several large investors have recently modified their holdings of VC. American Century Companies Inc. lifted its stake in Visteon by 58.8% in the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock worth $128,468,000 after purchasing an additional 536,073 shares during the last quarter. Norges Bank purchased a new stake in shares of Visteon in the fourth quarter worth approximately $29,468,000. Pacer Advisors Inc. raised its holdings in shares of Visteon by 2,402.0% in the first quarter. Pacer Advisors Inc. now owns 271,738 shares of the company’s stock worth $21,092,000 after buying an additional 260,877 shares during the period. New Vernon Capital Holdings II LLC purchased a new position in Visteon during the 1st quarter valued at $17,068,000. Finally, Nuveen LLC purchased a new position in Visteon during the 1st quarter valued at $15,612,000. Institutional investors own 99.71% of the company’s stock.

About Visteon

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.